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You are here: Home / Archives for Tabassum Naiz

Tabassum Naiz

Tron CEO Justin Sun responds to Donald Trump’s anti-bitcoin stance

July 12, 2019 by Tabassum Naiz

Around 8:15 p.m. EST, US President Donald Trump bashed at the hottest trend of money, the Bitcoin and other cryptocurrencies. Following his bitter tone for crypto, Justin Sun, Tron CEO, invites Trump to join him and other crypto leaders at Buffett lunch with Warren Buffett, to be held on July 25, to understand the cryptocurrencies better.

Donald Trump Slams Bitcoin, Libra, and Cryptocurrencies

The 45th US President, Donald Trump said he’s not a fan of Bitcoin and says Facebook’s crypto must follow all banking regulations just like other banks. Trump’s comment hints the severe concern of global regulators over Bitcoin and Facebook’s entry into the crypto industry.

In a series of Tweets, Presides railed against Bitcoin, Libra, and other cryptocurrencies, citing USD as a real currency in the USA which is stronger than ever. All three tweets read as follows;

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…

“…Similarly, Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…

“…and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”

On one hand, it hints the severe deliberation of regulators on crypto for the long term – on the other hand, it invites criticizing comments from the crypto community. Few prominent leaders of the crypto community, including Shapeshift CEO “Erik Voorhees” expressed his annoyance on Trump’s statement. He said,

“Unlike children, Mr.President. you can’t put Bitcoin in a cage.”

Justin Sun Invites Trump to Buffett Lunch

But at the center of Trump’s firing tweet on Bitcoin & Libra, there’s Justin Sun, CEO of TRON who excitedly took to Twitter and invited Trump to have lunch with crypto leaders along with Warren Buffett. The long-awaited Buffett lunch is just two weeks away from today and Sun strongly bet, if Trump joined him in Buffett lunch, “nobody will know crypto more than Trump.”

Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I'd love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you! https://t.co/ZpRFEbninv

— Justin Sun (@justinsuntron) July 12, 2019

Its worth to note that – so far, Tron CEO has invited executives of only three companies for Buffett lunch – Binance, Huobi, and Litecoin.

As far as Trump’s tweets are concerned, it came in the wake of Trump’s Social Media Summit at the White House, which was a closed-door conference. Notably, during the event, President Donald Trump accused Facebook and Twitter of censoring him and conservative commentators. Moreover, it’s essential to note, Calibra’s CEO David Marcus will soon be discussing the company’s plans for Libra and privacy concerns in front of a Senate committee.

Of course, it will be interesting to see how Trump responds to Tron CEO. Also, even negative publicity is sometimes what one thing needs, maybe Trump raising his voice against Bitcoin and crypto, in general, would make more people search and learn about it. So, this all could probably turn out to be a positive thing for the crypto sphere in the long-run.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Tron News Tagged With: Crypto Regulations, Justin Sun, TRON (TRX)

SEC gives its first-ever go for an initial coin offering in US history

July 11, 2019 by Tabassum Naiz

Blockstack Received SEC’s Approval

After a series of crackdowns on various token offering platform for their ICOs, the US SEC has finally pressed the go-ahead buzzer to Blockstack under Regulation A+ (Reg A+). Accordingly, Blockstack becomes the first-ever platform that has been approved by SEC for a token offering. Reg A+ is a different track and an alternative to an initial public offering that enables small companies to raise money publicly. After this; Blockstack can conduct a $28 million digital token offering sale to raise funds from the public.

The news was announced on Wednesday wherein the Blockstack founder Muneeb Ali told the media (Wall Street Journal), that the process of token offering is costly and still very long. Muneeb further claimed that he and another founder Ryan Shea’s spending of $2 million to get approval for the sale. This is because SEC had to devise a “brand new protocol” for such offering under Reg A+ and it is something new that SEC had never done before.

A Big Win

Talking about this, Muneeb Ali elaborates that;

“It is a truly groundbreaking day for decentralized technology and, by extension, digital rights. No company on the internet should have so much power that it can debate if it should treat users in the right way or not. By building technology that can’t be evil, trusting centralized organizations to make the right choice is replaced by mathematical proofs.”

After a series of crackdowns, Blockstack is the first company that got favors from SEC – in contrast; SEC has already voiced over $100 Million ICO, proposed by messaging app Kik.

This exciting news in an environment where Crypto prices are experiencing sudden downfall was received as a big win by the crypto community. In fact, few prominent crypto leaders such as the founder of Morgan Creek Capital, Anthony Pompliano took to Twitter. Anthony tweeted:

HERE WE GO!@blockstack was just approved by the SEC to hold the first regulated token offering under Reg A+.

Finally non-accredited investors can participate in investments that previously were only open to the rich.

The laws need to change, but this is next best thing 🙏🏽

— Pomp 🌪 (@APompliano) July 10, 2019

Also, another well-known leader, Jake Chervinsky, who often talks about the crypto industry from the perspective of SEC and other legal matters, wrote about Blockstack and pointed it as “Huge News.”

🚨 Huge news: the SEC has approved @blockstack's Reg A+ application to issue STX tokens in a public securities offering.

This is the *first ever* SEC-approved token issuance & a huge step for the crypto industry. Congrats to @muneeb & team — thanks for blazing the path forward!

— Jake Chervinsky (@jchervinsky) July 10, 2019

Earlier to this report, Blockstack had raised about $47 million via previous token offering under a different provision called Reg D. According to the reports, this provision doesn’t require approval from SEC and is only limited to accredited investors whereas Reg A+ provision is open for everyone. Any individual or company can partake in a token sale approved under Reg A+ provision.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Industry, News Tagged With: Blockchain, Crypto Regulations, SEC

Visa Invests Large Sum into Crypto Custodian Startup, Anchorage

July 10, 2019 by Tabassum Naiz

Visa shows its interest in cryptocurrencies by investing in Anchorage, a digital asset of modern security engineering, for safe crypto custody. So far, Visa had made its investment in Chain, which was its first progress towards cryptocurrency. Both the companies are the founding members of Facebook’s crypto-asset Libra and are working on the planning of the technical underpinnings of Libra. 

Anchorage is a startup that was founded to solve technical issues through cryptocurrency. To help financial institutions invest securely in digital assets, the firm has built the first crypto-native custodian.

It is estimated that Visa has invested $40 million worth funds for further fintech solutions. However, the precise value has not been revealed yet. With the funding received by Visa, Anchorage is ready to proceed further in Libra’s mission as a Founding Member of the Libra Association by drawing together the brightest minds in security, finance, and distributed systems.

Co-founders Diogo Mónica and Nathan McCauley have been working as the head of security engineering for more than ten years. They built software that now secures more than 80 billion dollars yearly and ensures the core infrastructure used in top banks, governments, and the world’s three largest cloud providers.

Diogo Mónica says;

“As a custodian, our work is focused on building financial plumbing that other companies depend on for their operations to run smoothly. In this regard, we have always looked at Visa as a model.” 

Further, he adds;

“Visa was ‘fintech’ before the term existed, and has always been on the vanguard of financial infrastructure. Visa’s investment in Anchorage is helpful not only to our company but to our industry, as a validation of the entire ecosystem and recognition that crypto will play a key role in the future of global finance.”

Terry Angelos, who leads fintech at Visa and also co-founder of TrialPay, noted that Visa is interested in supporting companies like Anchorage who are working to provide secure infrastructure to the growing ecosystem of digital assets. He said that Anchorage is building the foundation to support an array of new financial services.

Being a global payments technology corporation working to empower consumers, businesses, banks, and governments to use digital currency, Visa has helped to improve the lives and economies around the world. It has united customers in more than 200 countries and territories worldwide.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Industry, News Tagged With: Crypto, Fintech, Visa

Electroneum (ETN) hits an epic partnership with Paycent Appycent App

July 9, 2019 by Tabassum Naiz

Yesterday, on July 08, 2019, the Reddit thread of Electroneum cryptocurrency revealed that ETN crypto has been added to Paycent app upon the completion of integration.

Paycent Adds Electroneum

It was first revealed when the media (bedcredit.org) shared a post of Paycent’s new update, entitling “Paycent Allows Users to Convert Digital Assets to Local Currencies, Transfer Funds, and Withdraw Cash From ATMs.”

As per the reports, Paycent is a financial platform, powered by Texcent, which is a Singapore fintech company. With Paycent service, users can connect their debit cards to the crypto wallet and start using digital cost almost anywhere fiat currency is accepted. It comes in the form of hybrid app, wallet, and crypt fiat cards.

In a detailed post where Paycent explained how its app and wallet work together, it mentioned that; “Paycent, a mobile wallet enables users to exchange among multiple digital assets seamlessly,” – it holds multiple digital assets including Bitcoin, Litecoin, Ethereum, Dash, Binance Coin, and CHE Token.

Nevertheless, the announcement states that ‘Paycent is partnering with Electroneum later this summer.’ According to the company’s director of card program and partnership, Alex Agarwaal;

“They (Electroneum) have a massive community of 3 million people globally, and they are aligned with what we do because they served the unbanked.”

On a continuous note, he wrote; “We’re seeing a lot of positive movement,”

“It’s definitely going to catch on. Irrespective of the prices — it doesn’t matter if crypto goes up or down — it’s all about the adoption of the system itself.”

Paycent’s connection with Electorneum is a big hit for Electroneum – and it seems that the ETN has already been added to the PayCent app according to company’s Reddit post and a twitter post:

Just downloaded the #paycent app. Looks interesting. #electroneum to be added soon. #transfer #crypto #moneytransfer #cryptotransfer #fintech #etn#ltc #btc #dgb #steemit pic.twitter.com/TmQP6PMlwj

— Electroneum 2A8FD6 (@ETN_2A8FD6) July 9, 2019

It is worth adding that the Electroneum cryptocurrency is currently standing at the 111th spot on the graph of coinmarketcap. As of writing this post, the partnership has no positive impact on the price of the cryptocurrency yet. The coin is currently sided down by 1.02 percent over the past 24 hours and trading at the value $0.006199 against the US Dollar. Notably, the market cap of ETN coin counts at $60,301,407.

ETN

Ahead of partnership with Electroneum, the firm had earlier joined hands with privacy-focused cryptocurrency, Verge which streamlined the process of booking flights and hotels using Verge coins. Moreover, the company further adds;

“With Paycent, we are helping to push the unbanked to the forefront of currency freedom with the ease of exchanging fiat money into digital assets with a singular app and vice versa to spend it on daily essentials,”

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Altcoin News Tagged With: Crypto Adoption, Electroneum (ETN)

Is TRON Scam? Justin Sun Responds to “Police Raid Beijing Buzz”

July 8, 2019 by Tabassum Naiz

While the buzz of billion-dollar Ponzi scheme is still hot in the crypto market, users on social media spread out yet another strange topic against TRON and Justin Sun.

Is Tron a Scam?

Today, on July 08, 2019, few social media users shared tweets with video clips, claiming that police officers have raided TRON (TRX)’s Beijing offices. The clip showed a crowd of angry people shouting at the office, yelling things like “Tron is a scam.” There wasn’t the only clip shared on Twitter; however, many other Twitter users shared different clips with their own views.

Police raids at #Tron offices in Beijing? Additionally, there's many angry people gathered there who are saying things like "Tron is a scam". $trx #trx @justinsuntron pic.twitter.com/qFykQErQu6

— Hayden Otto (@haydenotto_) July 8, 2019

While few believe it was a police raid – on the other hand, few others managed to calm down angry users on social media, claiming that “it wasn’t the police raid at all – instead, police were protecting the TRON office from angry mobs who lost money in a fake TRX scheme.

People say the police is protecting the #Tron office from angry mobs who lost money in a fake $TRX scheme. However, you can be 100% certain the police will come back tomorrow and check @Tronfoundation itself. Chinese authorities hate social unrest the most https://t.co/h9GvA69jdl

— TSS (@SandorReport) July 8, 2019

Not a Raid, Not at All!

However, the police protecting Tron office turned out to be a piece of reliable news when TRON officially shared a blog post, claiming that the law enforcement officers were invited to protect TRON’s office.

The blog explains that those circulated pictures and videos were actually captured at the Beijing research and development center of Raybo technology, which is a partner of TRON in mainland China. It further reads that;

Pictures and video circulating on the internet show scenes of the incident and the police response that removed them and secured the office.

Beside official post, CEO Justin Sun also took to Twitter and wrote “stop spreading fake news and pictures”;

.@Tronfoundation and @BitTorrent is fine. Everything is fine. We are preparing for #BitTorrentSpeed launch today. Stop spreading fake news and pictures.

— Justin Sun (@justinsuntron) July 8, 2019

It’s worth to remind that the pyramid scheme “Wave Field Super Community” caught last week when victims shouted at their loss of $30 million, suffered by investing in this scheme.

Reportedly, the scheme was launched in January this year and suspended their work at the end of June. This scheme allegedly represented TRON and called itself as “super representative” of Tron or one of the 27 nodes of the platform. While the scheme represented its fake investment plan by using TRON’s name, investors actually invested huge fund and blaming Justin Sun for not taking any action against it.

Concerning these Ponzi schemes, Sun finally broke out his silence on July 05, 2019 and added that “we will never ask you to send money. Be careful and hodl your $TRX/BTT.”

As a leading blockchain protocol, there are Ponzi schemes using #TRON, #BitTorrent or #uTorrent names like “MMM #bitcoin, #Ethereum pyramid & #EOS ecosystem schemes”. We will never ask you to send money. Be careful & hodl your $TRX/ $BTT

— Justin Sun (@justinsuntron) July 5, 2019

As for now, it’s clear that police wasn’t at Tron’s office to raid instead protect its office from the victims that went to TRON’s office to express resentment about Sun and company’s silence despite allegedly knowing about Ponzi scheme operating under a similar name. Remember, they are only ‘alledged’ to be knowing about the Ponzi, there is no confirmation. The victims themselves alleged the conspiracy about Tron.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Tron News Tagged With: BitTorrent, Justin Sun, TRON (TRX)

Bitcoin worth more than $45 Million got sent to WikiLeaks in donations

July 8, 2019 by Tabassum Naiz

A report surfaced on the web and social media recently that claims WikiLeaks has received over $46 Million in Bitcoin in its wallet address.

A thread was published on popular Bitcoin subreddit as well as got shared across social media network, Twitter. The controversial non-profit organization has reportedly amassed almost 4054 BTC which was equivalent to $46.2 Million as per Reddit post. (Note – the price may change due to fluctuations in the price of BTC).

https://twitter.com/Rhythmtrader/status/1147950924154978312

Donations in Crypto

It was revealed that the amount is a collective fund associated with two wallets of WikiLeaks, which was changed in the year 2018. However, many believe that the fund was sent as a form of donation.

This platform was founded by Julian Assange back in 2006 as a non-profit media, aims to expose government secrets. The donations sent by people were actually intended to support this organization that leaks out the original documents from anonymous sources and leakers.

According to the earlier reports, the platform had launched its first BTC wallet in mid-June 2011 – but it is also assumed that the organization might have been using BTC before 2011 as well. This is because Satoshi Nakamoto back in 2010 refuse people to encourage BTC’s use for Wikileaks while refusing, Satoshi wrote;

No, don’t “bring it on”

The project needs to grow gradually so the software can be strengthened along the way.

I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.

Considering WikiLeaks’s involvement in Bitcoin since 2011, it is believed that those donors/senders were actually early-crypto adopters. Moreover, the platform and its founder earned quite good popularity so far – Julian Assange’s recent arrest and extradition is one such example wherein many members from the crypto community spoke in favor of Assange. We saw over 40 crypto contributions (Including Bitcoin and ZCash (ZEC) made within a period of three hours.

However, the crypto amount would have resulted in a significant fortune if WikiLeaks remained his tone on holding the digital asset. A report in the year 2016 came out, discussing the total value of all BTC donation sent to WikiLeaks was counted at $22 million.

Nevertheless, to what extent this report of “$46 million in BTC” is accurate – is still uncertain but it is also assumed that the amount from such funds have been used to cover legal fees and to encourage WikiLeak’s nature of providing secretive information.

While asked Julian Assange about Bitcoin back in 2014, he wrote;

There are lots on Bitcoin in my book – on my thoughts on it, and on WikiLeaks’ history with it. Eric Schmidt and I conversed for a while about it, and I also included a lot of notes to expand on my views.

It’s a fascinating and complex subject, so I can’t possibly go through all of it. But here’s footnote 23 as a teaser:

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Bitcoin News Tagged With: Bitcoin (BTC)

Cryptocurrencies are shaking the System; first ECB President hints Bitcoin approach to bank

July 8, 2019 by Tabassum Naiz

After joining European Central Bank (ECB) as its new president, Christine Lagarde has become the first woman to lead ECB. By being a new ECB boss, Lagarde hits a change in the banks’ viewpoint to the crypto industry. She might eventually urge adoption.

New ECB Boss Speaks About Cryptocurrency

Lagarde’s name counts among the minority of women in senior roles in the era of central banks –besides that she is also a person with positive remarks on Bitcoin and cryptocurrencies. Unlike the past president Mario Draghi, who earlier said “Cryptocurrencies are not currencies,” but highly risky assets, Legarde might spur adoption of crypto in banking era, specifically ECB for now. This is because, in April, she made a comment adding that financial players and regulators are currently underestimating the underlying potential of blockchain and digital asset.

Besides, during the earlier interview with CNBC, she explains:

I think the role of the disruptors and anything that is using distributed ledger technology, whether you call it crypto, assets, currencies, or whatever…that is clearly shaking the system.”

Legarde’s positive vibes on crypto aren’t the first time either, earlier in the year 2017, she warned that the financial institutions and global regulators shouldn’t ignore the cryptocurrencies and the blockchain technology. Earlier, when she was the chief of the Internal Monetary Fund, she made strong comments and has always been showed openness to this industry.

Although the upcoming move of Legarde with ECB in terms of the crypto industry is still uncertain – with Legarde’s crypto-friendly remarks, it is quite exciting to focus on the upcoming move of ECB.

Moreover, Bitcoin, at the same time, has gone up in regards to its trading value by 2.05 percent over the past 24 hours. At the time of writing, the value of Bitcoin against USD counts at $11443 and market cap at $203,766,518,711. To remind, Bitcoin had sided down to $10k figure last week but quickly recovered to trade at over $11k against US dollar.

Bitcoin price

It is worth noting that the growing financial institutions and regulators are actually stepping in to explore digital assets and blockchain technology. Few such players recently entered the market are J.P Morgan, Fidelity Investments, Bakkt, Facebook, and Switzerland’s Falcon Bank”.

Reports highlight that few people suggest “looking at the Lagarde’s latest background and remarks on the crypto industry,” it is quite easy to predict that she will introduce different approach running the European Central Bank (ECB) rather than following the traditional methods her predecessors worked on.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Bitcoin News Tagged With: Banks, Crypto Regulations, European Central Bank

Crypto is the mother and father of all the bubbles, Bitcoin critic, Dr. Doom (again)

July 7, 2019 by Tabassum Naiz

Yet another time. Nouriel Roubini is in the top bulletin. The man has recently appeared at the blockchain conference wherein he publicly made harsh statements on Bitcoin, cryptocurrencies and the founder of BitMEX exchange.

Dr. Doom’s Remarks on Bitcoin & Cryptocurrency

Nouriel Roubini, aka Dr.Doom, is a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates. Besides this, the man is famously known as anti-cryptocurrency economist for his fiery tirade against cryptocurrencies. Yesterday, on July 06, 2019, Mr.Doom shared a video clip on Twitter, calling BitMEX carrying drug pushing business model without any censorship.

My remarks at the blockchain conference in Aix today are in the you tube link below. My remarks start at the time 2:30:00 on that video link.
Watch me destroy @CryptoHayes
and @BitMEXdotcom "drug pushing" biz model without any censorship: https://t.co/0jIOvN6Brl

— Nouriel Roubini (@Nouriel) July 6, 2019

During a recent conference, Roubini headed over and began his speech by calling cryptocurrency as the mother and the father of all the bubbles. He referred to the $20K figure of Bitcoin which excited the whole crypto market in late 2017, and the drastic decline during 2018.

Although, he quickly added that the Bitcoin has managed to recover a bit in the year 2019 – he believes that Bitcoin, as well as other cryptocurrencies, are nothing but nonsense. In his words;

It’s clear there was a bubble in cryptocurrency in 2017 when Bitcoin was up to nearby $20000 in December and in last year, 2018 it collapsed by 85%, Roubini Said. Thousands of other shitcoins lost their 99 percent of the value during the last year…There was a recovery of Bitcoin and other cryptocurrencies but even today, it is still 50% below from the peak.

In a continuous conversation, Nouriel Roubini added;

Ethereum is the second largest crypto and is still about 80% below peak. All of these currencies are still way down.

Moreover, he pointed out that there is a 5000 pump and dump scheme. Spoofing, market manipulation, wash trading, and other such activities in the financial market today – and counted crypto in the same list. Earlier, he called Binance CEO as the snake oil peddler who is always talking his book 24/7. During this time also, Roubini told that;

This is the space full of scammers, literal criminals, insiders, snake oil peddlers and people talking their book 24/7 and manipulators.

Roubini Shouts at BitMEX and Arthur Hayes, Again

While in a continuous talk, Roubini spoke about his latest debate with BitMEX’s head “Arthur Hayes” and what he thinks BitMEX exactly is. He says,

“Hayes calls a bunch of people like his clients who are actually gamblers who involve in leveraging the money up 100 times,”

Dr. Doom added,

And they make money essentially not by having a commission on these trading but when they liquidate you and then there is a whole website on Twitter and then it is called BitMEX Wrecked and 1000s of people have been wrecked this way.

He then continued; they make money not only through commission, but when they liquidate you, you go bankrupt, and then they take some of that money and then put into this so-called liquidation fund, and that’s the half of their revenue.

So these people are the criminals, there are worse than the rat blushers and this (BitMEX) is that the biggest exchanges in the world that first addict you then they destroy you and then they liquidate you and then they make a profit out of you. This is what happens throughout the world, he said.

Concerning the definition of cryptocurrency, he said, it is just nonsense. To be a currency, it has to have a unit of account; means of payment and a stable store of value against goods/wealth.

Roubini’s harsh comment on Arthur isn’t the first time either – during the earlier event “Asia Blockchain Summit’ held on July 2nd and 3rd, Roubini debated with Hayes on the stage – however, the clip of the debate isn’t publicly available yet, but Roubini publicly demanded to release the Tape.

Besides, he reportedly states that you ask everyone who watched the debate there – people there told me and told others that “I was the clear winner.”

In another publication, it was highlighted that the Roubini concluded;

“The guy is a total idiot who does not know how to debate; he was pathetic, rehashing old, stale arguments that made no sense.”

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: News Tagged With: BitMEX, Cryptocurrencies

SEC Eyeing on Subscription for Blockchain Ledger Data

July 6, 2019 by Tabassum Naiz

According to the notice on official source “FedBizOpps.gov,” the regulator of securities in the USA is eagerly looking to buy enterprise-wide / commercially available off-the-shelf (COTS) subscription for blockchain ledger data, which in turn aims at observing the crypto and blockchain space in a better way. It specifically aims at monitoring the risk, improves compliance, and informs commission policy on digital assets.

The official source reads that;

“The United States Securities and Exchange Commission…intends to procure a commercially available off-the-shelf (COTS) enterprise-wide data subscription for blockchain ledger data to support its efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets.”

SEC with its new subscription update intends to capture blockchain data directly from the hosted nodes rather than secondary sources and also aims at adding blockchain ledger’s complete data from inception to present.

“The subscription shall include all on-node data for each supplied blockchain, in its entirety,”

This made available following SEC’s update on “Request for Quote (RFQ),” and at this time, the Exchange commission is also keen in seeking the data on the Bitcoin, Ethereum as well as other leading chain networks.

It mentioned it as follows;

“At a minimum, the subscription shall include the Bitcoin and Ethereum blockchains…In addition, the subscription shall include as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger.”

More to this, SEC said that the chosen vendors must run their own nodes for each supported blockchain. On one hand, SEC’s decision is directing it to monitor the space – on the other hand, the move isn’t equally endorsing the blockchain. In a nutshell, SEC might want to learn more about the space before defining any rules.

What’s your take on SEC’s decision readers? Let us know in the comment below

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Industry, News Tagged With: Blockchain, Crypto Regulations, SEC

Vocal Bitcoin hater receives 0.12 BTC in 55 different transactions, here’s how

July 5, 2019 by Tabassum Naiz

Peter Schiff, a Gold strategist who is also a Bitcoin skeptic, has abruptly received 0.12 BTC from 55 different BTC addresses. He only owned $80 in BTC and a small amount of Bitcoin Cash (BCH) and Ether (ETH).

Today, on July 05, 2019, Morgan Creek Digital founder, Anthony Pompliano aka “Pomp” broke out a killer tweet that reveals “Peter Schiff” admitted of owning some Bitcoin. Peter seems to be the chief gold strategist at Schiff Gold and current CEO of Euro Pacific Capital, but in the meantime, Pomp calls him a “Vocal Bitcoin Hater.”

The vocal Bitcoin hater @PeterSchiff recently admitted that he actually does own some Bitcoin.

Never listen to what they say, always watch what they do with their money!

— Pomp 🌪 (@APompliano) July 5, 2019

As a response to Pomp’s tweet, Peter Schiff confirms that he owns only $100 worth of Bitcoin and a small amount of Bitcoin Cash and Ether. That $100 worth of BTC was also received as a gift – in fact, the amount is also reduced to $80 now, confirmed Peter.

I just checked it to get the address. I actually only have about 80 bucks worth. But I also have a small amount of Bitcoin Cash and Ether.

Responding to that, Pomp jokingly asked for Peter’s BTC address, saying that he will send him more $100 worth BTC, as well as other Bitcoiners, might also throw some BTC.

Just paste the address here.

Myself and a few other Bitcoiners will send you some Bitcoin. You nail the issues we are facing, but just need to upgrade the solution from gold to Bitcoin!

You’re already a Bitcoiner and haven’t even realized it yet 🙂

— Pomp 🌪 (@APompliano) July 5, 2019

Moreover, the transactional history of Peter’s BTC address is currently witnessing 55 transactions. Furthermore, in terms of amount, Peter now owns 0.12642327 BTC wherein the current value of bitcoin counts $10917 against US Dollar.

In an earlier conversation with Pomp, Peter confirmed that so far he has received USD 130 worth BTC – but at the time of reporting the community has gifted him $1373 worth BTC.

https://www.blockchain.com/btc/address/1LZpj4zkgcGzGb9EuLLbwby1BPT3c1uRTy

Subsequently, it’s worth to note that BTC breaks below by 6.43% over the past 24 hours and trading at the value $10949 against US Dollar. If Bitcoin jumps over $11000 figure, it will be exciting to see how much BTC Peter will be holding.

Bitcoin price June 05 2019 dropped by almost 7% Tron Weekly
Source: CoinMarketCap.com

So, now when Peter turned himself to believe in Bitcoin, the crypto community is expecting Nouriel Roubini to be the next one.

What do you think readers? Also, as it seems, the Bitcoin virus is certainly spreading, but why the price can’t hold onto substantial gains in your view?

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: Bitcoin News Tagged With: Bitcoin (BTC), Crypto Adoption

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